Here are some important events to focus on towards the end of this trading week:

U.S Unemployment Claims (April 23, 12:30 GMT) – Although this is a weekly indicator, it tends to have a great impact on the market as it concerns with the U.S most delicate issue at the moment – unemployment. Recent reports have shown that the unemployment rate in the U.S has reached rather disturbing figures, which were not seen in 30 years. And now, analysts forecast that 635K individuals have filed for unemployment insurance for the first time during the past week, making it the 12 week in a row on which this indicator sees figures over 600K. Such a result is quite problematic for the U.S economy, as it shows that more and more people are moving out of the working force, which is a clear sigh of deteriorating economy. If the actual figure will be similar to expectations, the USD is likely to depreciate against its major currency counterparts.

U.S Existing Home Sales (April 23, 14:00 GMT) – This indicator has a massive impact on the Dollar as it reflects the U.S most fragile sector – the housing sector. As you all probably know this crisis came strictly as a result of the poor and ill housing condition in the U.S and that is why many analysts share the feeling that the housing sector should be the first to signal that the economy is pulling out of recession. Unfortunately, this week’s publication is widely expected to deliver a very low result, revealing that merely 4.66M residential buildings were sold during March. In addition to the poor figures expected from the Unemployment Claims, it seems that the USD will be damaged as a result.

U.S Core Durable Goods Orders (April 24, 12:30 GMT) – after providing a positive figure last month, which was one of the reasons the USD has appreciated against the major currencies during the previous month, this week’s publication is expected to be negative again, and to show that the value of new purchase orders placed with manufacturers for durable goods, excluding the transportation items (which is why it’s called Core Durable Goods Order), have dropped by 1.1% as opposed to March. If indeed all the mentioned above will see poor results as expected, an addition negative figure from this report will probably weaken the USD even further.